\u00a9 2023 wikiHow, Inc. All rights reserved. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Finally, the teller will take the money order and hand over your cash. U.S. Post Office branches commonly sell them. Money market accounts pay rates similar to savings accounts and have some checking features. For instance, if you present a $500 money order and pay a $5 fee, youll receive $495. Heres what you can expect to pay for your money order at a post office: You can also buy a USPS money order at a military facility. By using our site, you agree to our. Keep the receipt: The receipt will be a carbon copy of the money order or a paper slip recording the information entered on the money order. Either deliver the money order to the recipient in person or mail it to an address where they can receive it. The use of AIC 604 (General Ledger Account (GLA) 54543) should decrease, due to the existence of national contracts, VMRAs, and commercial fuel cards. As for cashing it, thats even easier than cashing a personal check. A money order payable to a business or other organization may only be cashed at their financial institution. Answer (1 of 17): The obvious answer is at the Post Office. Take a primary photo ID with the money order to any Post Office location. Another option: A certified check or a cashier's check, both of which guarantee payment and don't necessarily have a $1,000 limit, unlike many money orders. The following is the Postal Service-required endorsement on the back of each check or money order accepted for deposit: Note: The Postal Service-required endorsement must fit within the 1.5-inch trailing edge on the back of the check or money order in location A as shown in Exhibit 315. 4.00%Annual percentage yield (variable) is as of 02/06/2023. Maximum amount per money order -$999.99. Cashier's checks are usually necessary when a person needs to make a large purchase (think a house or a car) and the recipient requires a guarantee they will get paid. Sign the front of the money order. Money orders are also a great alternative when you don't want to mail cash. Click here to see what you need to know. Up to $500: $1.65. This includes UK Government Payable Orders, postal orders, bankers' drafts and Building Society cheques - but not travellers' cheques, bank giro credits and various non-standard cheques. You may be able to cash your money order at banks and other retailers (grocery stores, check-cashing locations or other stores where you've been able to cash checks in the past). The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, What Is a Money Order? In theory, if you have a USPS money order, you can cash it at any post office. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Often around $5. Military money orders: 55 cents. You can pay for the money order with cash or debit card. You are about to leave travel.state.gov for an external website that is not maintained by the U.S. Department of State. However, the longer you hold the bond, the more it earns for you (for up to 30 years for an EE or I bond). Whether or not a postal order is crossed depends on the person who sent the postal order to you. Your money order receipt will help you track your payment and show proof of value in case the money order gets lost, stolen, or damaged. AIC 604 is authorized only for use if vehicle services are provided by outsourced (non-Postal ServiceTM) personnel, and payment is not made via a commercial fuel credit card or via the Vehicle Management Accounting System (VMAS) for vehicle maintenance repair agreement (VMRA) services. Postal Service money orders are affordable, widely accepted, and never expire. Banks usually accept post office money orders like they would a regular check at branches, ATMs or even on a mobile app. This is because the Post Office has to send the cheque to the customer's bank before it can be entered into the clearing system. For instance, theres no fee to cash a postal money order at the post office. More in-depth information and procedures regarding refunds, transfers of funds, and trust account withdrawals can be found in the Postmaster/Field Guide under "Refunds Quick Reference Guide," or under "Trust Account Customer Activities." If you paid the $60 fee for expedited service when you applied and you did not receive expedited service, you may be eligible torequest a refundof this fee. How to make an international money transfer with Oxxo? Unfortunately, you can't cash a postal order online. You can cash money orders at the place that issued them. 3.30%Your annual percentage yield can be as high as 3.30% based on the following combined rate rewards: direct deposits (not including intra-bank transfers from another account) totaling $1,500 or more each month will earn 0.40%. Do not cash the check if the signatures do not match or if the check appears altered. When your money order is confirmed lost or stolen, well issue you a replacement money order. #10. Do not cash the check if the signatures do not match or if the check appears altered. For people with more global needs, they also offer a multi-currency account and debit card. Wise US Inc is authorized to operate in most states. They can also be cashed by anyone with or without a bank account. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. You can cash or deposit it anywhere as if it were made out to you. If you still want hard cash, you can make a withdrawal from your account for the amount of the postal order. Our partners cannot pay us to guarantee favorable reviews of their products or services. 4> Do not allow commercial checks payable to a business firm, an organization, a society, an institution, a government agency, a corporation (LLC or other), or a partnership to be cashed at Post Offices or postal retail units. You can also cash them at most banks and some stores. Domestic postal money orders are cashed at Post Offices and postal retail units regardless of the issue date. Find your fee in one of three ways: the Fee Calculator, the Fee Chart PDF, or the Fee Charts below. For money orders of $1,000 to $5,000, the fee is $8. We'll replace money orders that are defective or damaged. The following is an outline of Postal Service policy and minimum requirements for cashing Treasury checks: 2> Request to see photo-bearing identification that also contains the customer's signature (see section 312.3). is not required in signing a money order for payment if such title is used on the face of the money order. Count the money before putting it in your wallet, and ask for a receipt if you didnt get one. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Still have more questions about money orders? wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. And is it going to be a big hassle to turn it into cash? These checks can be deposited or negotiated at a bank or financial institution. You'll probably have to pay a fee if you don't deposit the money order into your bank or credit union account, but it can be nominal depending on the size of the money order. The first thing to do when you receive a money order is double-check its value to make sure the amount is correct; money orders are prepaid, so you . This means its actually safer for you than a personal check because theres no risk it will bounce. It's a safe way to send money to make bill payments or purchases locally or anywhere in Canada. All cost data for GLA 54543.000 and GLA 54543.604 services must be forwarded to the VMF for VMAS input, regardless of method of payment. The best thing to do is shop wisely and purchase your money order from a store or post office instead. Starling help. Is this a safe form of payment? Another option: A wire transfer (see how much banks charge for wire transfers), if you need the money there faster and are willing to pay more. Its important to choose the one thats going to be best for you, taking into account the convenience, the speed and the cost of the transfer. If you ever find yourself needing to mail a payment, a money order is a secure way to do just that. If the dollar amount on the money order looks discolored, thats a sign of tampering. Since money orders require you to pay in advance, you don't need a bank account and you can still pay bills safely. How a Money Order Works and Where to Buy One. AIC 604 is authorized only for use if vehicle services are provided by outsourced (non-Postal ServiceTM) personnel, and payment is not made via a commercial fuel credit card or via the Vehicle Management Accounting System (VMAS) for vehicle maintenance repair agreement (VMRA) services. Thereafter payment shall be at Post Office Ltd's absolute discretion. The employee must record the identification number on the face of the money order. Even if you cant find a local bank or credit union that offers free checking accounts, the amount you save on fees for cashing money orders could offset the monthly fee. The bank or post office can simply deduct the fee out of the total value of the postal order that you're cashing. and other major newspapers. You can access the Postmaster/Field Guide on the Postal ServiceTM Intranet: Under "Other Links," click on Accounting Center Support (ACS). DMV issues refunds in cases where you accidentally paid the wrong fee, or when a fee wasn't required but you paid one. If no conjunction is used, then all listed payees must sign the check in the presence of the accepting employee and provide photo-bearing identifications (see section 312.3). All children must apply in person. You can also generate local account details in the US, United Kingdom, Europe, Singapore, Australia and New Zealand essentially meaning, that you can pay and get paid just the same way a local person would in all these places and easily convert to and from your home currency. When you purchase through links on our site or newsletter, we may earn affiliate commission. Post Offices. Money orders are cashed for the exact amount on the order. Generally, you must pay for money orders with cash or debit card. There are times when using cash or personal checks can put you at risk, or they arent accepted for payment. For example, USPS charges an issuing fee of $49.95 for money orders, and then there may be destination-specific processing fees on top of that. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. The payee writes their name on the back of the money order and adds Pay to the order of followed by your name. You can request refunds for vehicle/vessel registration, driver's license and ID cards, special certificates, financial responsibility (insurance), and other fees and/or penalties collected by DMV. Can I change the payee's name after the money order has been completed? Payable orders are like cheques. Postal Service commercial checks, including Postal Service salary checks, not more than 1 year old may be cashed at Post Offices and postal retail units provided sufficient funds are available. $5 for up to $1,000; free for premium accounts. Money orders can be purchased with cash or a debit card at banks and credit unions, check-cashing businesses, the U.S. 65. References. All financial products, shopping products and services are presented without warranty. A copy of an appropriate proof of authority must be submitted and filed at the local postal unit. To order the products, send a written request and appropriate payment to the USPS Delivery Statistics File, National Customer Support Center (see 608.8.0 for address). Her work has been featured in USA Today and The Associated Press. Hopefully, this guide helped you get closer to a decision. Develop the tech skills you need for work and life. Please write the following on the front of the cheque:. 7> Money orders are cashed only in the exact amount imprinted up to the authorized maximum amount. Vehicle maintenance facility (VMF) personnel will continue to purchase parts using the Vehicle Repair Parts IMPAC Visa credit card, national contracts, and consignment national ordering agreements. VMFs should make every effort to provide vehicle repair parts during servicing. I have some US accounts, but I don't think they would accept foreign cheques. For example, with an international provider called Wise, you can send money at the mid-market rate to more than 80 countries. In this guide, we'll explore if you can send money from PayPal to Western Union. But call the individual office first to make sure its able to cash money orders and doesnt charge a fee. Under "References" in the right-hand column, under "Policies," click on PolicyNet. 31 Acceptable Payment for Postal Goods and Services, 314.1 Cashing Domestic Postal Money Orders. 9> Postal money orders payable to a business firm, an organization, a society, an institution, a government agency, a corporation (LLC or other), or a partnership will not be cashed at the Post Offices or postal retail units. A money order is just like a check, but its prepaid. For a money order payable to a minor, the father or mother as natural guardian, must provide photo-bearing identification and sign the money order. You'll get a better deal at Walmart or a convenience store or supermarket, and you'll typically pay more at a bank.